Investment banks regulating Bitcoin (BTC) comes to El Salvador, after the approval of Thursday on the Investment Services Law for Salvador, which classifies investment banks according to different regulations from commercial banks.
Juan Carlos Reyes, head of the US Digital Assets Committee, said the equivalent of accredited investors in the United States. He added:
“The new investment banking law of investment banks allows working with legal giving and foreign currencies for” advanced investors “and engaging in digital assets such as Bitcoin with a PSAD service provider license. With a PSAD license, the bank can choose to fully work like a Bitcoin Bank.”
The law encourages foreign investment in El Salvador and places it as an emerging axis of financing, supporters of the newly approved law He says.
https://www.youtube.com/watch?
Founding investors have been a major driver to adopt encryption in El Salvador, as the country in Central America attracts encryption companies and financial companies with its regulatory climate supporting rent.
However, critics say that BTC’s adoption in the country and organizational policies does not help the average person and mainly benefit the government and companies.
Related to: The International Monetary Fund says El Salvador has not buys Bitcoin since the signing of a loan deal
El Salvador drinks international partnerships to push encryption growth
The President of El Salvador, Nayeb Bokil, met Bellal Bin Sakib, Minister of State for encryption and blocs in Pakistan, to exchange strategies to adopt Bitcoin at the state level and energy policy to enhance encryption mining.
“Cooperation mainly depends on how emerging economies that are subject to the International Monetary Fund program to benefit from technology and other financial tools for national growth,” Ben Sakb told Cointelegraph in an interview.
On July 30, the Central Bank of Bolivia signed a memorandum of understanding with CNAD to enhance the use of cryptocurrencies as an alternative to traditional Fiat currencies.
the deal It came amid the currency crisis in Bolivia, where US dollars are rare and difficult to gain, making international trade difficult.
This has increased use of stablecoins in the United States as a method of exchange, According to To Tether CEO Paulo Erdino.
magazine: The head of the National Bitcoin in El Salvador was Argentina, an orange,
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2025-08/01988fbe-f3d3-7849-b839-e85ad4e2eeb5
2025-08-09 18:02:00
